The encryption market started this week strongly, with most of the most prominent Altcoins “green”. One of these is Litecoin, where the LTC price has risen by 11 % in the past 24 hours, and is now trading about $ 117.
Coinshares has just been offered to XRP and LTC ETF with NASDAQ. This news may pay the current LiteCoin leap. Investors feel excited about ETF approvals, and this may be a great cause of the last Litecoin momentum.
Some big names look forward to the circulating investment funds. The Canary Capital jumped at the beginning, where he applied to SEC on January 16, 2025. Grayscale continued with its own submission on January 24, adding more ducts to the Litecoin market.
🚨 Break: Coinshares files for $ Xrp and $ Ltc ETF with nasdaq. pic.twitter.com/k0uxeo6kyb
– Cointelegraph (@cointelgraph) February 10, 2025
The analyst takes the capabilities of Litecoin
Checklist called Xforceglobal Plan on X is a lot of attention. It uses Elliott Wave theory to destroy Litecoin price movements.
The chart shows a long waiting game. Litecoin was in a narrow trading style of approximately 2532 days. This is nearly seven years of investors who are watching and waiting. The analyst believes that this long period of waiting may explode into a big step soon.
He sees the current price sitting in a triangle style. This means that the price of LTC was bounced between the upper and lower boundaries. Currently, Litecoin can erupt in either direction. The support zone is about 50 – 70 dollars, while resistance levels seem strong from 140 to 200 dollars.
$ Ltc
– xForceglobal (xForceglobal) February 10, 2025
First macro analysis#Litecoin It is formed to be the following $ Xrp. I accumulate for the next two years. The only missing piece is liquidity. However, it has maintained one of the longest lines of its lowest levels at higher prices – a major factor I am looking for when accumulating. pic.twitter.com/oam2BPRVIQ
Really interesting part? Litecoin analyst compares XRP, indicating that he may see a big jump similar to the price. It is betting on increasing the interest of the market and liquidity to pay the price up.
His main message is simple: Patience may pay fruits for Litecoin investors. The fixed pattern of “Upper Dide” indicates the fixed basic demand, even during the quiet market periods.
If the current momentum continues, Litecoin can test its resistance levels between 140 and 200 dollars in the coming months. The last ETF files and increased institutional interest can be major stimuli. However, the encryption markets cannot be predicted. Investors must monitor the completion of the triangle style and possible penetration signals. The current price of $ 117 is sitting near the next main resistance area, making the next few weeks crucial for the Litecoin prices.
Also read: Bitcoin, XRP & Sol PRICE: What should investors expect this week?
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